Call reports 2005
VERUS BANK OF COMMERCE — 2005
What VERUS BANK OF COMMERCE reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Total assets | 9,486,000 | 18,574,000 | 28,094,000 |
| Total loans | 0 | 14,241,000 | 22,619,000 |
| Allowance for loan losses | 0 | 147,000 | 306,000 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 337,000 | 10,396,000 | 19,838,000 |
| Interest-bearing deposits | 145,000 | 8,803,000 | 17,026,000 |
| Noninterest-bearing deposits | 192,000 | 1,593,000 | 2,812,000 |
| Equity capital | 8,375,000 | 8,156,000 | 8,104,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Interest income | 102,000 | 363,000 | 929,000 |
| Interest expense | 0 | 43,000 | 149,000 |
| Net interest income | 102,000 | 320,000 | 780,000 |
| Noninterest income | 17,000 | 18,000 | 33,000 |
| Noninterest expense | 308,000 | 711,000 | 1,105,000 |
| Provision for loan losses | 0 | 147,000 | 306,000 |
| Pretax income | -189,000 | -520,000 | -598,000 |
| Income tax | -64,000 | -176,000 | -202,000 |
| Net income | -125,000 | -344,000 | -396,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Tier 1 capital | 8,311,000 | 7,980,000 | 7,902,000 |
| Total capital | 8,311,000 | 8,127,000 | 8,208,000 |
| Risk-weighted assets | 2,439,000 | 17,822,000 | 27,076,000 |
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